International Brotherhood of Electrical Workers Local 130benefits

International Brotherhood of Electrical Workers Local 130's benefits plans covered 905 active participants in 2024, providing life · death benefits. Insurance premiums totaled $25,067. Insurance brokers and agents were paid $1,991 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.9% of premiums. That is $2 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 51% from $1,320 in 2023.